Buy a break above the upper trendline towards 115.250. | 16 نوفمبر 2021
16 نوفمبر 2021, USD/JPY
Wave Analysis:
During the previous trading day, the US Dollar rallied to the upperside but is still within the expanding wedge formation. If the price can break and close above the upper trendline forming top of this wedge, then this will be an ideal place to consider a possible long term buy position. The anticipated bullish price rally is the continuation of the last impulsive wave v to the upperside and should break beyond 114.795 and may extend much higher.
Trade Recommendations:
Buy a break above the upper trendline towards 115.250.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
